Philenews

All Attention and Hopes on the Mighty ADNOC

Published January 1, 2026, 06:06
All Attention and Hopes on the Mighty ADNOC

The author expresses disappointment with the lack of progress in introducing natural gas to Cyprus and upgrading the EAC, despite the expectations a few years ago. He points out that attention now turns to ADNOC, a powerful company, and expresses the hope that it will be able to implement the LNG terminal project in Vasiliko. The author states that the French Technip, the new project manager, delivered a study to ETYFA recording gaps and failures in the previous work of the Chinese CPP. However, the evaluation of the study is delayed, and there is a lack of transparency regarding the findings. There is a fear that a new detailed techno-economic study will not be necessary, which could accelerate the project, but also lead to new mistakes. The author emphasizes the need for transparency and quick action, as the project has already suffered significant delays and economic consequences. He also points out that the Government seems to have overcome its initial fear of the project, but the need for careful management and effective implementation remains.